Salesforce stock holds near $247 after analyst target hikes

Published on 09/12/2026 at 14:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Salesforce stock traded at $247.72 on September 12, 2026, with a $257.66 billion market cap. Cantor Fitzgerald lifted its target to $300 on September 2, 2026.

Fotorealistisches Datenzentrum mit endlosen blauen Server-Rack-Reihen und Spiegelböden — Salesforce US79466L3024 zeigt ein fotorealistisches Datenzentrum mit leuchtenden blauen Server Racks und Spiegelböden, Illustration mit AI erstellt.

Salesforce stock (ISIN US79466L3024) traded at $247.72 on September 12, 2026, with a market value of $257.66 billion and a 52-week range of $146.32 to $269.11. The move follows fresh analyst work and the stock's latest earnings beat, both of which still frame the debate around the company's AI push.

Analysts still see room

According to MarketBeat, Cantor Fitzgerald raised its price target on Salesforce from $250.00 to $300.00 and kept an Overweight rating on September 2, 2026. Investing.com said on September 11, 2026 that Stifel kept a Buy rating and a $275 target, while UBS stayed at Neutral with a $240 target.

The consensus is still higher than the last close. According to MarketBeat, the average target price is $267.12 and the consensus rating is Moderate Buy.

Beat-and-raise base

Salesforce reported $5.90 in quarterly earnings per share and $11.35 billion in revenue for the quarter ended August 26, 2026. Revenue rose 10.8 percent from a year earlier, while the company also posted a net margin of 21.99 percent.

That comparison matters for investors. The same quarterly print topped the consensus estimate of $3.27 EPS by $2.63, and the revenue figure also came in above the $11.33 billion forecast.

Dreamforce takes over

Reuters Breakingviews, in a September 11, 2026 report republished by Yahoo Finance, said Agentforce had passed roughly $1.5 billion in annualized recurring revenue and that Salesforce logged its strongest net-new annual order value growth in four years. A separate report on September 11, 2026 said UBS expects Dreamforce to put the Claudeforce partnership with Anthropic in the spotlight.

Dreamforce also has a date attached. According to Salesforce, the Financial Services Keynote is scheduled for September 16, 2026 at 10:00 am PT.

Shares near the range

Salesforce stock closed at $247.72 on September 12, 2026, after a prior close of $243.00 and a daily gain of 1.94 percent. Volume was 9.74 million shares, placing the stock below its September 2026 high of $269.11 but well above the low of $146.32.